Social Sector Expenditure and Gross State Domestic Product in Assam
Kamalika Hazarika
Miss Kamalika Hazarika, Research Scholar, Department of Economics, Dibrugarh University, Dibrugarh, India.
Manuscript received on February 28, 2020. | Revised Manuscript received on March 22, 2020. | Manuscript published on March 30, 2020. | PP: 5347-5349 | Volume-8 Issue-6, March 2020. | Retrieval Number: F9958038620/2020©BEIESP | DOI: 10.35940/ijrte.F9958.038620
Open Access | Ethics and Policies | Cite | Mendeley
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Spending on social sector benefits the society enhances the human capital of the economy, which have both direct and indirect spill over effects on economy. Social sector expenditure includes expenditure on health, education etc. The objective of the study is to analyse the trend of Social Sector Expenditure and Gross State Domestic Product of Assam and to analyse the relationship between Social Sector Expenditure and Gross State Domestic Product of Assam. The trend of Gross State Domestic Product of Assam at constant 2011-12 prices (in rupees lakh) is showing a decreasing trend from 1990-91. But after 2015-16, it is showing an increasing trend. The expenditure on social sectors like health, education etc as a whole and Gross State Domestic Product of Assam is showing an increasing trend from 1990-91 to 2016-17. By using cointegration and Granger Causality test an attempt has been made to analyse the relationship between the expenditure on Social Sectors on Gross State Domestic Product in Assam. Granger Causality test reveals that expenditure on Social Sectors has a positive impact on Gross State Domestic Product. But Johansen Cointegration test reveals that there is no integration between the two variables in the long run.
Keywords: Social Sector Expenditure, Gross State Domestic Product of, human capital, relationships, cointegration, Granger Causality, Assam.
Scope of the Article: Software Product lines.